JK Minerals Auctions RSC, Realises Rs 98 Lakh Revenue

JAMMU, Feb 25: Jammu and Kashmir Minerals Limited, a J&K Government Undertaking   conducted   auction of Rough Sapphire Corundum (RSC) at JawaharLal Nehru Udhyog Bhawan, Rail Head Complex, Jammu during which  as many as 67 different lots of corundum sapphire were displayed for  open auction by the bidders who had come from different parts of the country.

The auction was held under the Chairmanship of Secretary, Industries, R. K. Bhagat, while as Managing Director, JK Minerals Ltd.,  Abid Suhail, Director, Geology and Mining,  F. A. Khan and other concerned senior officers were present on the occasion as members of the auction committee.            

In all the auction of 29 lots went under hammer which fetched Rs 98.16 lakh revenue for the corporation.Elaborate arrangements of security and banking facilities were made by the Corporation, besides surveillance through CCTV Camera’s.

 Speaking on the occasion, Mr. Bhagat said that the washed rough corundum sapphire has been mined out from mines in  Paddar , Kishtwar district. He said J & K minerals has a vast potential to provide employment   opportunities in the state. He said efforts are under way to extract  sapphire on scientific lines which has great potential to generate the resources for the economic development of the region and the state .He also emphasised for reaching out to the national and international market so that optimum price of the sapphire is obtained.



Cross Town News is the no. 1 Weekly Newspaper and Online News Portal in J&K in term of serious News. The rugged Newspaper & Portal is with a substantial difference to read and presence to feel. This newspaper has a vision to deliver the real side of truth to the public . Since it’s inception in 2013 March, It has become No. 1 News medium for people of J&K. Cross Town News has a mission to deliver high quality news across the nation within fraction of time.

Subscribe Now

Subscribe to our weekly Newsletter.